The national development and Reform Commission and the National Energy Administration deployed the work of ensuring the supply and price of coal
On February 9, the national development and Reform Commission and the National Energy Administration jointly held a meeting to arrange and deploy to continue to stabilize the coal market price, and interviewed and reminded some enterprises with falsely high coal prices found in the monitoring, requiring them to speed up the verification and rectification.
The meeting stressed that coal production enterprises should pay close attention to restoring normal production and supply, strictly implement the national policy requirements of ensuring supply and stable price of coal, further raise awareness, strengthen enterprise self-discipline, standardize price behavior, interview enterprises with falsely high prices found in monitoring at the first time, and further study and take measures such as investigation and accountability if they still fail to rectify after being reminded; Relevant local departments should strengthen monitoring reports, timely publicize and interpret policies, and promote the stable operation of coal prices within a reasonable range.
Overall, the NDRC held a meeting to speed up the recovery of coal production and emphasize the restrictions on the prices of ports and pits. The rise of coal in recent months may be due to two factors: on the one hand, winter heating, Spring Festival, Winter Olympics and other matters make the energy demand on the high side, and the superimposed supply shrinks. On the other hand, after the re liberalization of Indonesian coal export restrictions, the Indonesian Ministry of energy will raise Indonesia’s benchmark coal price by nearly 20% in February, which is linked with international and Chinese prices. However, we believe that the current situation is still under the background of ensuring the supply and price of energy. After the meeting of the national development and Reform Commission yesterday, Zheng Shangsuo also issued a notice on adjusting the trading margin standard of 2205 contract of thermal coal futures. Most of the black series of China futures market closed down overnight, and the main contract of thermal coal fell by more than 6%. From a fundamental point of view, since the Spring Festival, the coal production in various places has rebounded rapidly, which has basically reached the pre festival production level. The demand for coal for heating in winter has been alleviated. It is expected that the coal supply is expected to be guaranteed in the future, and the price will gradually fall back to a reasonable range.
The financing balance decreased. On February 8, the balance of A-share financing was 1622.467 billion yuan, a month on month decrease of 1.315 billion yuan; The balance of margin trading was 1717.602 billion yuan, a decrease of 366 million yuan month on month. The balance of financing minus securities lending was 1527.332 billion yuan, a month on month decrease of 2.263 billion yuan.
Net capital inflow to the north. On February 9, the net purchase turnover of luchutong on that day was 484 million yuan, including 54.561 billion yuan of purchase turnover and 54.077 billion yuan of sales turnover, with a cumulative net purchase turnover of 165.571 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $2.740 billion on the same day, including a purchase transaction of HK $19.576 billion and a sale transaction of HK $16.836 billion, with a cumulative net purchase transaction of HK $2234.172 billion.
Money market interest rates fluctuated. On February 9, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 1.7280%, down 31.60bp, Shibor one week was 2.0100%, down 7.70bp. The weighted interest rate of pledged repo of depository institutions was 1.7098% overnight, down 30.39bp and 1.9886% a week, down 7.70bp. The 10-year yield to maturity of China national debt was 2.7328%, up 1.01bp.
Most of the three major U.S. stocks rose, while European stock markets generally rose. On February 9, the Dow Jones Industrial Average closed at 35768.06 points, up 0.86%; The S & P 500 index closed at 4587.18 points, up 1.45%; The NASDAQ index closed at 14490.37, up 2.08%. European stock markets, French CAC index closed at 7130.88 points, up 1.46%; Germany’s DAX index closed at 15482.01, up 1.57%; The FTSE 100 index closed at 7643.42, up 1.01%. In the Asia Pacific market, the Nikkei index closed at 27579.87 points, up 1.08%; The Hang Seng Index closed at 24829.99, up 2.06%.
The dollar index fell. On February 9, the dollar index fell 0.05% to 95.5588. The euro rose 0.07% against the dollar to 1.1425. The dollar rose 0.00% against the yen to 115.5500. The pound fell 0.11% against the dollar to 1.3534. The spot exchange rate of RMB against the US dollar closed at 6.3609, up 0.12%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3624, up 0.06%. The central parity rate of RMB against the US dollar closed at 6.3653, depreciating by 0.13%.
Gold rose and crude oil rose. On February 9, Comex gold futures rose 0.41% to close at US $1834.20/oz. WTI crude oil futures rose 0.28% to close at US $90.03/barrel. Brent crude oil futures rose 0.53% to close at US $91.80/barrel. COMEX copper futures rose 3.66% to close at US $4.6350/lb. LME copper three-month futures rose 2.80% to close at US $10095 / ton.
